According to Iran’s ISNA news agency, Araghchi was due to convey “Iran’s positions and views on the framework of any understanding to completely end the war” during fresh meetings with Pakistani officials.

The minister had visited Islamabad a day earlier, meeting Army Chief Asim Munir, Prime Minister Shehbaz Sharif and Foreign Minister Ishaq Dar before flying to Muscat, where he met Haitham bin Tariq as regional diplomacy intensified.Other Iranian envoys returned to Tehran for consultations and to obtain instructions related to ending the conflict, ISNA reported.

Before those talks, the White House had said Trump’s peace envoy Steve Witkoff and his son-in-law Jared Kushner were preparing to travel to Pakistan for further indirect negotiations.Trump later scrapped the trip, telling Fox News there was no reason to continue “sitting around talking about nothing,” while criticizing Tehran’s negotiating position.

“They gave us a paper that should have been better and interestingly immediately when I canceled it, within 10 minutes, we got a new paper that was much better,” Trump said, without giving details.Asked whether canceling the trip meant a return to open conflict, Trump said: “No, it doesn’t mean that. We haven’t thought about it yet.”Araghchi described his initial Pakistan visit as “very fruitful” but questioned Washington’s seriousness about diplomacy.“

Have yet to see if the U.S. is truly serious about diplomacy,” he said.Pressure for a diplomatic breakthrough has intensified as the Strait of Hormuz remains effectively blocked, disrupting one of the world’s most important oil and gas shipping routes and driving energy prices sharply higher.

Iran’s Islamic Revolutionary Guard Corps said it had no intention of lifting the blockade.“Controlling the Strait of Hormuz and maintaining the shadow of its deterrent effects over America and the White House’s supporters in the region is the definitive strategy of Islamic Iran,” the Guards said on Telegram.

The United States has responded by tightening restrictions on Iranian ports and increasing maritime enforcement actions against vessels linked to Tehran’s energy exports.Iran’s military accused Washington of “blockading, banditry and piracy” and warned that continued pressure would trigger a response.

Regional tensions also escalated on the Lebanese front, where Israeli Prime Minister Benjamin Netanyahu ordered strikes against Hezbollah targets after accusing the group of violating a ceasefire recently extended for three weeks.

Lebanese state media reported Israeli strikes in several southern districts, while Lebanon’s health ministry said attacks in Nabatieh and Bint Jbeil killed six people.Israel’s military said it had killed multiple Hezbollah operatives, including fighters allegedly transporting weapons.

Although Trump had earlier expressed optimism about peace after meetings with Israeli and Lebanese envoys, Hezbollah parliamentary bloc leader Mohammed Raad urged Lebanon to withdraw from negotiations, warning that any agreement without broader consensus would be politically unsustainable.

Araghchi is expected to travel to Moscow after completing the Islamabad consultations.

Trump said he had ordered envoys Steve Witkoff and Jared Kushner not to travel to Islamabad, where mediation efforts had been centered following the arrival of Iranian Foreign Minister Abbas Araghchi for talks with Pakistani officials.

Speaking before departing Florida and later in comments to Fox News, Trump said the revised Iranian offer failed to meet U.S. expectations and dismissed the value of sending negotiators for extended talks.“I’ve told my people a little while ago they were getting ready to leave, and I said, ‘Nope, you’re not making an 18-hour flight to go there,’” Trump said, according to Fox News.

“We have all the cards. They can call us anytime they want.”In a post on Truth Social, Trump added that there was “tremendous infighting and confusion” within Iran’s leadership and said, “Nobody knows who is in charge, including them.”

The cancellation dealt a setback to mediation efforts in Islamabad, where Araghchi had concluded meetings with Pakistani leaders without direct contact with U.S. representatives.

Araghchi described the visit as “very fruitful,” while Iranian President Masoud Pezeshkian told Pakistani Prime Minister Shehbaz Sharif that Tehran would not accept what he called “imposed negotiations” conducted under threats or blockade.

Iran urged Washington to remove operational restrictions, including measures affecting Iranian ports, while maintaining that it would not accept maximalist demands.“Principally, Iranian side will not accept maximalist demands,” an Iranian diplomatic source in Islamabad told Reuters.

Tensions remain elevated across the region despite a ceasefire currently in force after a conflict that began on Feb. 28 with U.S.-Israeli airstrikes on Iran. Tehran later launched retaliatory strikes against Israel, U.S. military bases and Gulf states, escalating fears of a broader regional war.

The standoff has also disrupted maritime traffic through the Strait of Hormuz, a critical global energy corridor, while U.S. restrictions on Iranian oil exports remain in place, pushing energy prices to multi-year highs and adding pressure to global inflation and growth.

In Israel, Prime Minister Benjamin Netanyahu ordered forces to strike Hezbollah targets in Lebanon “forcefully,” testing a fragile three-week ceasefire and underscoring the broader instability surrounding the negotiations.

White House press secretary Karoline Leavitt had said earlier that Washington had seen some progress from Iran in recent days and hoped for further movement over the weekend.Vice President JD Vance, who led an earlier unsuccessful round of indirect talks in Islamabad this month, had also been prepared to travel again if negotiations advanced.

Defense Secretary Pete Hegseth said Iran still had an opportunity to reach an agreement if it made verifiable commitments on its nuclear program.“All they have to do is abandon a nuclear weapon in meaningful and verifiable ways,” Hegseth said.

Iran’s foreign ministry later confirmed that no direct meeting with U.S. officials had been planned during Araghchi’s visit and said Tehran would instead convey its position through Pakistan as mediator.

Sharif said in a post on X that he appreciated Trump’s acceptance of Pakistan’s request to prolong the truce, allowing diplomatic efforts to continue.

He added that both sides should adhere to the ceasefire and work toward a comprehensive “peace deal” during a second round of talks scheduled in Islamabad.

Trump extended the ceasefire to provide more time for negotiations, pending the submission of a proposal by Iran.

Pakistan has sought to position itself as a facilitator in the talks, with Sharif indicating confidence that continued engagement could help bring the conflict to a negotiated conclusion.

Trading volumes of the Iranian currency have reached as much as $6 million a day in Pakistan’s open market, according to the Exchange Companies Association of Pakistan, with demand accelerating after reports of renewed negotiations between Washington and Tehran.

The rally has been fueled in part by Islamabad’s diplomatic outreach, with Asim Munir visiting Iran and Shehbaz Sharif undertaking a regional tour following high-level U.S.-Iran talks hosted in the Pakistani capital. Market participants say these developments have strengthened expectations of a potential breakthrough.

The Iranian riyal has risen by around 50% in Pakistan’s informal market since late February, climbing from about Rs10,000 to Rs15,000 per 10 million riyals after talks began in Islamabad on April 11, ECAP data shows.Small investors are increasingly participating in the trend.

Muhammad Akbar, a chauffeur in Karachi, said he had invested part of his monthly income into the currency, hoping to profit if negotiations succeed. “I have become a millionaire,” he said, referring to the large nominal value of riyals he now holds.Others have built significantly larger positions.

Retail investor Azam Khan said he had accumulated hundreds of millions of riyals as the currency gained traction among traders seeking quick returns.Market participants say the surge reflects heightened expectations rather than underlying economic strength.

Zafar Sultan Paracha said demand had surged across investor categories, though he cautioned that trading volumes may be even higher due to undocumented transactions.“People’s expectations are very high,” Paracha said, urging investors to base decisions on fundamentals rather than speculation.Economists warn the rally bears hallmarks of behavioral bias rather than structural recovery.

Muhammad Waqas Ghani described the trend as a “gambler’s fallacy,” where investors assume a rebound is likely simply because the currency has weakened in the past.He said Iran continues to face deep economic challenges, including liquidity shortages and stress in its banking system, which limit the scope for sustained appreciation.

Without broader reforms or durable sanctions relief, gains are likely to remain localized to Pakistan’s market rather than reflecting a global revaluation.Some investors remain cautious. Isra Ghous Rasool, a business student and stock market participant, said volatility linked to geopolitical developments made the currency too risky. “There’s simply too much volatility for me to comfortably manage,” she said.

Pakistan has also taken steps to facilitate trade through Iran, temporarily easing export rules for shipments of goods to Central Asia via Iranian territory, a move analysts say may have contributed modestly to the currency’s local demand.

Still, analysts say the current surge is driven primarily by speculation tied to geopolitical expectations rather than economic fundamentals, leaving investors exposed to sharp reversals if diplomatic progress stalls.

The meeting brought together Badr Abdelatty, Ishaq Dar and Hakan Fidan, who reviewed the evolving security situation and emphasized support for efforts aimed at achieving a permanent ceasefire, according to an official statement.

Participants welcomed Pakistan’s mediation role in ongoing negotiations between the United States and Iran, expressing hope that diplomatic progress would help de-escalate tensions and limit broader economic and security fallout.Recent developments have raised expectations of a breakthrough.

A ceasefire between Israel and Hezbollah, alongside Iran’s decision to reopen the Strait of Hormuz during a temporary truce, have eased pressure on global energy markets and reduced immediate risks of escalation.The conflict, which began on Feb. 28 with U.S. and Israeli strikes on Iran, had disrupted shipping routes and triggered volatility in global oil supplies.

The reopening of the strait long a key U.S. demand—combined with a ceasefire extension linked to Lebanon, has aligned core conditions in ongoing talks.Donald Trump said on Friday that negotiations with Tehran were nearing completion, describing a deal as “very close” and indicating that most major issues had already been resolved.

Previous talks led by J.D. Vance in Pakistan did not produce an agreement, but further negotiations are expected as diplomatic channels remain active.Trump also credited regional actors including Saudi Arabia, the United Arab Emirates and Qatar for supporting stabilization efforts, while praising Shehbaz Sharif and Asim Munir for their role in facilitating dialogue.

The Antalya meeting reflects intensified regional coordination as governments seek to consolidate recent gains and move toward a broader settlement that could end hostilities and restore stability across the Middle East.

The truce, which began at midnight local time, marks a significant step in diplomatic efforts linked to a broader regional de-escalation involving tensions between the United States and . However, the Lebanese military said Israeli actions in the south constituted breaches of the ceasefire and urged residents to delay their return.

Despite the warnings, convoys of civilians were seen heading south toward their homes, with traffic building along coastal routes and damaged infrastructure, including bridges hit during recent hostilities. Residents cited strong attachment to their homes as a driving force behind their return.

International reactions to the truce were broadly supportive. The Kremlin welcomed the agreement, expressing hope it would prevent renewed clashes, while called for its continuation and urged both sides to uphold their commitments. also endorsed the ceasefire, describing it as a step toward lasting peace, while Iran’s foreign ministry framed it as part of a wider understanding tied to regional de-escalation.

The conflict in Lebanon intensified in early March when launched rocket attacks toward Israel, triggering a series of Israeli strikes. Fighting continued until shortly before the truce took effect, with casualties reported on both sides.

Under the ceasefire framework, mediated with US involvement, Israel retains the right to act against perceived imminent threats, while Lebanon is expected, with international support, to prevent Hezbollah from carrying out attacks. Israeli Prime Minister said the agreement could open the door to a broader peace arrangement but reiterated that disarmament of Hezbollah remains a key condition.

US President said he had spoken with both Israeli and Lebanese leaders ahead of the truce and suggested the possibility of high-level talks in Washington in the coming days, a development that could mark a significant diplomatic milestone if realised.

The ceasefire remains fragile, with both sides maintaining heightened alert levels as the situation on the ground continues to evolve.

The discussions, held days after a Pakistan-brokered ceasefire, marked the first direct engagement between senior U.S. and Iranian officials since Iran’s 1979 Islamic Revolution. Delegations led by U.S. Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf met over more than 20 hours at Islamabad’s Serena Hotel, with Pakistani mediators shuttling between the sides.

Despite moments when negotiators appeared close to a framework agreement, talks ultimately stalled over key issues including Iran’s nuclear program, control of the Strait of Hormuz, and access to frozen assets, according to 11 sources familiar with the discussions.

A U.S. official said Washington’s core objective remained ensuring Iran does not obtain a nuclear weapon, while Iranian officials emphasized sovereignty concerns, sanctions relief, and broader security guarantees.

Iran has consistently denied seeking nuclear weapons but maintains its right to uranium enrichment.Sources described a tense and shifting atmosphere, with periods of optimism giving way to deadlock. At one stage, the sides were “80 percent” toward an understanding before unresolved political decisions derailed progress, one source said.

Pakistan played a central mediating role, with Prime Minister Shehbaz Sharif confirming that efforts to bridge differences are ongoing. Officials said communication between Tehran and Washington continues through intermediaries, even after the formal talks ended.

U.S. President Donald Trump said on Monday that Iran had reached out seeking a deal, though this could not be independently verified. A White House spokesperson reiterated that Washington’s position remains unchanged, particularly its demand that Iran abandon any pathway to nuclear weapons.

Iranian officials signaled deep mistrust, citing past negotiations and subsequent military actions, while also indicating willingness to continue discussions under defined conditions.The Strait of Hormuz remains a central point of contention, with Iran asserting control over the waterway and the United States insisting on restoring unrestricted navigation.

The dispute has had significant implications for global energy markets, contributing to volatility and supply concerns.Mediators, including Pakistani officials and regional diplomats, have continued backchannel communications in an effort to revive talks.

Both sides face mounting pressure to de-escalate, with economic costs rising and broader geopolitical risks intensifying.

The U.S. delegation, led by Vice President JD Vance and including special envoy Steve Witkoff and adviser Jared Kushner, was en route to the Pakistani capital after a stop in Paris. The Iranian side, headed by parliamentary speaker Mohammad Baqer Qalibaf and Foreign Minister Abbas Araghchi, arrived on Friday.

Qalibaf said Iran did not trust the United States based on past negotiations and warned that talks would not proceed unless Washington fulfilled earlier commitments, including unblocking Iranian assets and securing a ceasefire in Lebanon.

Iranian officials have linked progress in the talks to developments in the parallel conflict involving Hezbollah, a stance rejected by Washington and its allies.U.S. President Donald Trump said on social media that Iran “has no cards,” adding that Tehran’s leverage was limited to disrupting international waterways.

Vice President Vance, speaking en route, expressed cautious optimism about the negotiations but warned that the U.S. would respond firmly if it perceived bad-faith tactics.The talks come amid a fragile ceasefire announced earlier this week following weeks of U.S. and Israeli strikes on Iran and retaliatory actions by Tehran.

While the ceasefire has paused direct attacks, it has not resolved Iran’s blockade of the Strait of Hormuz, which continues to disrupt global energy flows.Pakistan imposed extensive security measures in Islamabad ahead of the negotiations, with Prime Minister Shehbaz Sharif describing the meeting as “make-or-break.” Thousands of security personnel were deployed across the city.

Parallel tensions persist in Lebanon, where Israeli operations against Hezbollah have continued despite diplomatic efforts. Lebanese President Joseph Aoun has called for a ceasefire as a condition for broader negotiations, while Israeli officials have signaled that upcoming talks with Lebanese representatives in Washington would proceed without linking them to a truce.

Iran has also pushed for broader concessions, including the lifting of sanctions and recognition of its authority over transit through the Strait of Hormuz, a proposal that would significantly alter regional power dynamics. While Iranian vessels were reported to be moving freely through the strait, shipping by other nations remains constrained.

The disruption to energy supplies has contributed to inflationary pressures and slowed global economic activity, with analysts warning that the impact could persist even if negotiations lead to a reopening of the route.Iran’s leadership has maintained a firm stance ahead of the talks.

Mojtaba Khamenei said Tehran would seek compensation for wartime damage and hold those responsible accountable.Despite U.S. claims of degrading Iran’s military capabilities, Tehran retains missile and drone capacity and a significant stockpile of highly enriched uranium, underscoring the challenges facing negotiators in reaching a comprehensive agreement.

British Foreign Secretary Yvette Cooper said London “strongly” supports including Lebanon in the ceasefire, citing humanitarian concerns following the latest Israeli attacks. “We do want to see the ceasefire extended to Lebanon,” she told Sky News, adding that the scale of displacement and civilian impact was deeply troubling.

Lebanon’s health ministry said at least 203 people were killed and more than 1,000 wounded in strikes on Wednesday, marking one of the deadliest days in the current phase of the conflict between Israel and Hezbollah.

The calls were echoed by Kaja Kallas, the European Union’s top diplomat, who said Israeli actions were placing the ceasefire under “severe strain” and that the truce should be broadened to include Lebanon.

France’s foreign minister Jean-Noel Barrot also condemned the strikes, describing them as “unacceptable.”U.S. President Donald Trump had earlier announced a two-week ceasefire with Iran to enable negotiations after weeks of conflict that disrupted global energy markets and heightened geopolitical risk.

However, U.S. Vice President JD Vance said Lebanon was not part of the agreement, warning that any collapse in talks over the issue would be Tehran’s responsibility.

Iran signaled growing frustration, with parliament speaker Mohammad Bagher Ghalibaf stating that continued Israeli strikes in Lebanon, alongside other concerns, had undermined the basis for negotiations and made further talks “unreasonable.”

The United Nations High Commissioner for Human Rights, Volker Turk, described the scale of casualties in Lebanon as “horrific,” particularly after strikes in densely populated areas of Beirut that reportedly occurred without prior warning.

The escalation comes ahead of planned talks between U.S. and Iranian officials in Pakistan, where mediators have urged all parties to maintain restraint. Pakistan’s Prime Minister Shehbaz Sharif called for adherence to the ceasefire to allow diplomacy to proceed.

Tensions remain high over the Strait of Hormuz, a critical global energy corridor, as uncertainty persists over maritime security and oil flows following recent disruptions.

Meanwhile, Hezbollah said it had resumed rocket fire toward Israel in response to continued strikes, signaling a potential widening of hostilities despite ongoing diplomatic efforts.

U.S. President Donald Trump said the agreement followed mediation efforts led by Pakistan, adding he would suspend threats of military action if Iran upheld the ceasefire and ensured full reopening of the Strait of Hormuz.

Pakistan’s Prime Minister Shehbaz Sharif said Islamabad would host talks between U.S. and Iranian delegations on Friday, describing both sides as constructively engaged. He expressed hope that the proposed “Islamabad Talks” would lead to sustainable peace.

China said it welcomed the ceasefire, with foreign ministry spokeswoman Mao Ning stating Beijing would continue efforts to restore stability in the Middle East.Iraq’s foreign ministry also supported the development, calling for “serious and sustainable dialogue” to address underlying disputes and build trust between the parties.

Turkiye backed the planned negotiations in Islamabad and stressed the importance of full implementation of the ceasefire on the ground, while Australia thanked mediators including Pakistan, Egypt, Turkiye and Saudi Arabia for their role in de-escalation efforts.

Egypt underscored the need to respect sovereignty and territorial integrity across the region, particularly for Gulf Cooperation Council countries and Jordan, warning against any violations that could threaten regional stability.

The United Nations welcomed the ceasefire, with Secretary-General Antonio Guterres urging all parties to comply with international law and uphold the terms of the agreement to pave the way for comprehensive peace.Indonesia also called for respect for sovereignty and diplomacy, while Germany’s foreign minister described the truce as a critical first step toward avoiding further escalation.

British Prime Minister Keir Starmer said the ceasefire would bring “a moment of relief” and confirmed plans to engage Gulf partners on ensuring the permanent reopening of the Strait of Hormuz.

Financial markets responded positively to the announcement, with oil prices falling and global stocks rising after Iran agreed to allow safe passage through the key waterway, which carries a significant share of the world’s energy supplies.